Vista Outdoor Inc (VSTO)
Return on equity (ROE)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -5,505 | -9,718 | 473,226 | 266,012 | -287,315 |
| Total stockholders’ equity | US$ in thousands | 1,126,300 | 1,131,790 | 1,124,400 | 736,997 | 442,505 |
| ROE | -0.49% | -0.86% | 42.09% | 36.09% | -64.93% |
March 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-5,505K ÷ $1,126,300K
= -0.49%
Based on the data provided for Vista Outdoor Inc's return on equity (ROE) over the past five years, there has been significant variability in the company's performance in generating returns for its shareholders.
In the most recent financial year ending March 31, 2024, the company reported a negative ROE of -0.49%, indicating that Vista Outdoor Inc generated a net loss relative to the equity invested by shareholders. This decline in ROE suggests that the company may have faced operational challenges or inefficiencies during the period.
Similarly, in the previous year ending March 31, 2023, Vista Outdoor Inc also reported a negative ROE of -0.86%, reflecting ongoing struggles in delivering positive returns for shareholders.
However, in the preceding years, the company demonstrated more favorable ROE figures. For instance, in the financial years ending March 31, 2022 and March 31, 2021, Vista Outdoor Inc exhibited robust ROE percentages of 42.09% and 36.09% respectively, indicating strong profitability and efficient use of shareholder equity during those periods.
Conversely, the financial year ending March 31, 2020, saw a sharp decline in ROE to -64.93%, signifying significant challenges or losses incurred by the company, which impacted shareholder returns negatively.
In conclusion, the fluctuating trend in Vista Outdoor Inc's ROE over the past five years highlights the company's evolving financial performance and underscores the importance of closely monitoring operational efficiency, profitability, and overall shareholder value creation.
Peer comparison
Mar 31, 2024